Ashoka Buildcon Limited

NSEI:ASHOKA Stock Report

Market Cap: ₹77.9b

Ashoka Buildcon Valuation

Is ASHOKA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASHOKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASHOKA (₹284.61) is trading above our estimate of fair value (₹256.44)

Significantly Below Fair Value: ASHOKA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASHOKA?

Key metric: As ASHOKA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASHOKA. This is calculated by dividing ASHOKA's market cap by their current earnings.
What is ASHOKA's PE Ratio?
PE Ratio8.2x
Earnings₹9.53b
Market Cap₹77.85b

Price to Earnings Ratio vs Peers

How does ASHOKA's PE Ratio compare to its peers?

The above table shows the PE ratio for ASHOKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
WELENT Welspun Enterprises
22.8x13.4%₹77.7b
POWERMECH Power Mech Projects
32.1x50.9%₹86.8b
532811 Ahluwalia Contracts (India)
21.1x11.6%₹71.7b
HGINFRA H.G. Infra Engineering
17.8x12.4%₹94.6b
ASHOKA Ashoka Buildcon
8.4x-31.9%₹77.9b

Price-To-Earnings vs Peers: ASHOKA is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does ASHOKA's PE Ratio compare vs other companies in the IN Construction Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GMRP&UI GMR Power And Urban Infra
4.9x-25.3%US$989.94m
CCCL Consolidated Construction Consortium
0.9xn/aUS$82.40m
533152 MBL Infrastructures
2.8xn/aUS$71.71m
ATLANTAA Atlantaa
2.7xn/aUS$50.06m
ASHOKA 8.2xIndustry Avg. 27.0xNo. of Companies26PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASHOKA is good value based on its Price-To-Earnings Ratio (8.4x) compared to the Indian Construction industry average (27x).

Price to Earnings Ratio vs Fair Ratio

What is ASHOKA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASHOKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio12.3x

Price-To-Earnings vs Fair Ratio: ASHOKA is good value based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASHOKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹284.61
₹262.50
-7.8%
13.7%₹311.00₹210.00n/a8
Dec ’25₹249.47
₹262.50
+5.2%
13.7%₹311.00₹210.00n/a8
Nov ’25₹245.58
₹247.50
+0.8%
11.4%₹283.00₹211.00n/a8
Oct ’25₹236.74
₹247.50
+4.5%
11.4%₹283.00₹211.00n/a8
Sep ’25₹233.50
₹247.50
+6.0%
11.4%₹283.00₹211.00n/a8
Aug ’25₹253.70
₹214.25
-15.5%
12.0%₹257.00₹161.00n/a8
Jul ’25₹227.87
₹206.56
-9.4%
15.8%₹257.00₹145.00n/a9
Jun ’25₹183.35
₹203.88
+11.2%
16.7%₹257.00₹145.00n/a8
May ’25₹174.80
₹200.88
+14.9%
15.1%₹257.00₹145.00n/a8
Apr ’25₹160.05
₹200.50
+25.3%
14.7%₹254.00₹145.00n/a8
Mar ’25₹186.85
₹200.50
+7.3%
14.7%₹254.00₹145.00n/a8
Feb ’25₹179.25
₹176.00
-1.8%
15.1%₹208.00₹138.00n/a7
Jan ’25₹136.90
₹166.00
+21.3%
10.3%₹191.00₹138.00n/a7
Dec ’24₹137.90
₹166.00
+20.4%
10.3%₹191.00₹138.00₹249.477
Nov ’24₹127.60
₹128.57
+0.8%
25.7%₹189.00₹93.00₹245.587
Oct ’24₹122.35
₹118.71
-3.0%
18.6%₹155.00₹93.00₹236.747
Sep ’24₹102.25
₹118.71
+16.1%
18.6%₹155.00₹93.00₹233.507
Aug ’24₹98.75
₹117.33
+18.8%
19.5%₹155.00₹90.00₹253.709
Jul ’24₹79.85
₹112.63
+41.0%
17.5%₹146.00₹90.00₹227.878
Jun ’24₹78.15
₹114.56
+46.6%
16.9%₹146.00₹90.00₹183.359
May ’24₹87.85
₹120.43
+37.1%
13.6%₹141.00₹95.00₹174.807
Apr ’24₹74.00
₹120.43
+62.7%
13.6%₹141.00₹95.00₹160.057
Mar ’24₹74.50
₹113.30
+52.1%
16.6%₹141.00₹80.00₹186.8510
Feb ’24₹78.75
₹112.50
+42.9%
19.7%₹147.00₹80.00₹179.2510
Jan ’24₹89.65
₹116.45
+29.9%
21.1%₹156.00₹80.00₹136.9011
Dec ’23₹81.15
₹114.91
+41.6%
22.1%₹156.00₹80.00₹137.9011

Analyst Forecast: Target price is lower than the current share price.

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